Sandler O’Neill set a $75.00 price target on Vornado Realty Trust (NYSE:VNO) in a report published on Wednesday morning. The firm currently has a buy rating on the real estate investment trust’s stock.
Several other equities research analysts also recently issued reports on the stock. TheStreet upgraded shares of Vornado Realty Trust from a c+ rating to a b- rating in a research note on Monday, December 18th. JPMorgan Chase & Co. downgraded shares of Vornado Realty Trust from an overweight rating to a neutral rating and set a $92.00 price objective on the stock. in a research note on Friday, December 15th. Zacks Investment Research downgraded shares of Vornado Realty Trust from a buy rating to a hold rating in a research note on Monday, October 23rd. SunTrust Banks upgraded shares of Vornado Realty Trust from a hold rating to a buy rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, Barclays restated a hold rating and issued a $80.00 price objective on shares of Vornado Realty Trust in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $88.09.
Vornado Realty Trust (VNO) opened at $67.66 on Wednesday. Vornado Realty Trust has a twelve month low of $65.29 and a twelve month high of $89.38. The company has a current ratio of 0.31, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $12,554.14, a P/E ratio of 79.60, a price-to-earnings-growth ratio of 4.02 and a beta of 0.86.
Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $536.23 million for the quarter, compared to the consensus estimate of $532.81 million. Vornado Realty Trust had a return on equity of 5.44% and a net margin of 9.10%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.43 earnings per share. equities research analysts forecast that Vornado Realty Trust will post 3.88 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, January 29th were given a $0.63 dividend. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.60. This represents a $2.52 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Friday, January 26th. Vornado Realty Trust’s dividend payout ratio (DPR) is 296.47%.
A number of hedge funds have recently modified their holdings of the stock. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Vornado Realty Trust by 51.5% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,000 shares of the real estate investment trust’s stock worth $782,000 after purchasing an additional 3,400 shares during the period. MetLife Investment Advisors LLC bought a new position in Vornado Realty Trust in the fourth quarter worth $4,171,000. BB&T Securities LLC lifted its position in Vornado Realty Trust by 23.2% in the fourth quarter. BB&T Securities LLC now owns 4,932 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 929 shares during the period. Hoylecohen LLC bought a new position in Vornado Realty Trust in the fourth quarter worth $1,978,000. Finally, Jane Street Group LLC bought a new position in Vornado Realty Trust in the fourth quarter worth $304,000. 85.51% of the stock is owned by hedge funds and other institutional investors.
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Vornado Realty Trust Company Profile
Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.
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